Sunday, August 12, 2012

WEEK 13th aug to 17 th aug.

Markets consolidated  in a tight range of 110 points last week ending in a neutral territory the weekly close.Markets have to close decesively for a few days over the  trend line resistance of 6349-5700 NF which is app at 5380-5400 zone to make any progress on the higher side..The lower trendline support will be in the range of 5270-80 zone..breach of the above trendline will give a quick 100-150 points move..FII build up so far in the series is quite Positive..5340 is the S/R for the coming week with a range of 100 points minimum..Trade accordingly..cheers